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Elon Musk

Elon Musk-led e-carmaker Tesla unveiled the eagerly-awaited Model 3 on Friday, around a year after the renowned innovator provided a sneak peek at a prototype of the vehicle.

Mr. Musk used Twitter to post a short video of the Model 3 yesterday, showing a release candidate version of the new electric vehicle. The video shows the new car accelerating with quickness.

He also clarified that the Model 3 e-car is not a successor to the existing Model S. Model 3 is only a smaller, more affordable version of Model S w. The Model S comes equipped with more superior technology.

Elon Musk-led SpaceX successfully test-fired a Falcon 9 rocket’s first-stage engines at the Kennedy Space Center’s historic pad 39A on Sunday, attaining a critical milestone on the path to a planned launch of a International Space Station (ISS) resupply mission.

The Falcon 9 rocket was moved from the space firm’s processing hangar at the base of the pad 39A using a massive transporter before dawn on Friday. Then, it was erected to the vertical launch position as part of preparations for the “hot fire” test.

A 50-member team of UC Irvine students is ready with its project to participate in the SpaceX Hyperloop Pod Competition, which is scheduled to take place at the space firm’s headquarters in Hawthorne on Sunday.

SpaceX CEO Elon Musk announced the Hyperloop project, a concept for a really high-speed ground transport system, in 2013. When UC Irvine students heard about it, they started working on their own designs to build a prototype for future transportation system.

Following its successful return to flight on Jan. 14, Elon Musk-led SpaceX is now preparing to its next launch from a new launch pad at Cape Canaveral on or around January 30. It will loft a heavy communications satellite to geostationary orbit.

Musk revealed that the new launch mission to loft the EchoStar 23 communications satellite to the orbit will take place from a new pad at Launch Complex 39A at Cape Canaveral.

Tesla Motors has announced a new policy aimed at users hogging superchargers in order to improve access for all Tesla users to the charging stations. In the recent times, Tesla users have expressed their concerns about access to superchargers. Tesla Motors has been improving its supercharging network but the issue at times is also caused by some users leaving their cars at terminals even after they have been fully charged. Tesla announced a fee of 40 cents per minute on users leaving their car on the charging point for more than 5 minutes after their vehicle has been charged.

Elon Musk-led SpaceX expects its Falcon 9 rockets to return to flight in early January, which would mark the company's first space mission since a Sept. 1 explosion during a test flight grounded the fleet.

Last month, Mr. Musk had said that SpaceX could return-to-flight mission by the mid of December, with a Falcon 9 rocket carrying 10 satellites for the communications firm Iridium. Iridium officials also said that the highly anticipated launch might occur on Dec. 16, 2016.

During the course of a Friday interview with CNBC, Elon Musk – the CEO of SpaceX – said that his space launch company has efforts underway to return its rockets to flight by the mid-December after a launch pad explosion involving Falcon 9 rocket in September.

According to the information shared by Musk with CNBC, SpaceX is hopeful that it will be ready to launch another Falcon 9 rocket by mid-December.

Hawthorne-based SpaceX aims to establish a refueling station on Mars first by sending a spacecraft on scouting missions and then sending a spaceship loaded with equipment to build that station, Elon Musk said in a recently held “Reddit Ask Me Anything (AMA)” session.

Answering question in the AMA session on the social networking platform on Sunday, Mr. Musk provide details of how his company aims to colonize the Red Planet and turn humans into a multi-planetary species.